Skip to main content

Featured

The Fed Just Hiked Rates. Here's What It Means for Your Canadian Mortgage.

  The U.S. Federal Reserve raised its benchmark rate 25 basis points yesterday — the first hike in three years. The Bank of Canada hasn't moved. That gap is now the biggest story in Canadian personal finance. MoneySavings.ca  |  September 17, 2026  |  Canadian Money Brief Yesterday afternoon, the Federal Open Market Committee voted 12-0 to raise the U.S. federal funds rate by a quarter point, pushing it to a target range of 3.75%–4.00%. It's the Fed's first rate hike since July 2023, and Chair Kevin Warsh made clear it almost certainly won't be the last. The Bank of Canada, by contrast, has held its overnight rate at 2.25% through seven straight meetings. It doesn't decide again until October 28. For Canadians with a mortgage, a renewal coming up, or a home equity line of credit, this matters more than it might look at first glance. 3.75–4.00% New U.S. Fed Rate 2.25% Bank of Canada Rate 1.625% Rate Gap (vs. 1.375% yesterday) ~71.5¢ Loonie (post-hike low) What th...
Post a Comment
Read more

article

Labels

Futures Hold Steady as Wall Street Awaits Key Fed Minutes

US stock futures were largely unchanged early Tuesday as investors prepared for one of the final major catalysts of the year: the release of the Federal Reserve’s December meeting minutes. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq hovered near the flatline, signaling a cautious tone after a modest tech-led pullback to start the week.

Monday’s session saw all three major indexes slip, with megacap names like Nvidia and Tesla leading declines amid a mild rotation out of tech stocks. The dip comes as traders reassess positions heading into the final days of 2025, a year marked by strong gains across equity markets.

The upcoming Fed minutes are expected to offer deeper insight into policymakers’ thinking after the central bank delivered its third consecutive interest rate cut in December while hinting at a potential pause ahead With only weekly jobless claims left on the economic calendar before year-end, Tuesday’s release could shape market sentiment as investors look toward 2026.

Despite the recent cooling, Wall Street remains on track to close out the year with substantial gains, supported by robust performance in AI-driven tech and resilient consumer demand.


Labels:

Comments

Post a Comment